Ondo InsurTech (LON:ONDO) Insider James Quin Acquires 260,252 Shares of Stock

Ondo InsurTech Plc (LON:ONDO) insider James Quin purchased 260,252 shares of the company’s stock in a transaction on Friday, July 10th. The stock was acquired at an average price of GBX 3 per share, with a total value of £7,807.56.

Ondo InsurTech Trading Up 6.0%

LON:ONDO traded up GBX 0.35 during midday trading on Friday, reaching GBX 6.15. The company had a trading volume of 7,533,458 shares, compared to its average volume of 1,859,089. The firm has a market capitalization of £9.21 million, a price-to-earnings ratio of -1.02 and a beta of 0.85. The stock’s fifty day simple moving average is GBX 4.30 and its 200-day simple moving average is GBX 12.04. Ondo InsurTech Plc has a 12-month low of GBX 2.80 and a 12-month high of GBX 35.

Ondo InsurTech Company Profile

Ondo is a world leading provider of claims prevention technology for home insurers. Ondo’s focus is on the global scale-up of LeakBot – claims prevention technology that prevents water damage claims in houses. Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined. LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot engineers to ‘find and fix’ the problem.